South Pond "B" Zone Gold Potential

Spruce Intends to drill more holes at South Pond “B” Zone in Fall 2016

Great Burnt Project Zones

Several advanced copper and gold targets on 14km mineralized trend

Great Burnt Resource Estimate

(1) Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.
(2) The mineral resources are based on a NI 43-101 Resource Estimate and Technical Report completed by P&E Mining Consultants Inc. with an effective date of January 12, 2015. Eugene Puritch, P.Eng., President of P&E, is the independent qualified person responsible for preparing the Great Burnt Property mineral resource estimate for Spruce Ridge Resources Ltd.
(3) The quantity and grade of reported Inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred resources as an Indicated or Measured mineral resource and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured mineral resource category.
(4) Resource based on over 156 drill holes and over 980 drill core assays by previous operators between 1961 and 2008. Uses average density 3.206 t/m3. Based on 1.0% Cu cut-off